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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Willy Woo: Bitcoin is facing short-term bearish reversal risks, and we need to be wary of speculative overheating.
PANews reported on May 27 that crypto analyst Willy Woo tweeted that although the overall long-term structure is still on the side, there is currently a bearish turning signal in Bitcoin. Its Bitcoin vector model shows that online capital inflows have been extremely flat over the past three days, with an anomaly of a 75K to 112K rally phase. Investor profit levels are high (SOPR), but weak buying and speculation are heating up, which could trigger a "fear when you are greedy" reversal. If there is no follow-up of buying after the resumption of the U.S. market, it may trigger a bearish divergence on the long-term chart. The next key level is $114,000.